Viking Cold Solutions™ is a thermal energy management company focused on making the world’s cold storage systems more efficient, flexible, and sustainable while protecting food quality. Our long-duration Thermal Energy Storage (TES) Systems, with a levelized cost of energy (LCOE) less than 2 cents per kWh, have been installed inside frozen food production, storage, and distribution facilities around the world. Viking Cold’s innovative application of environmentally-friendly Phase Change Materials (PCM) and cloud-based intelligent controls and monitoring combines energy storage with efficiency to enable flexible energy management and reduced energy costs.
Viking Cold Solutions enables companies to achieve up to a 35% or greater reduction in energy costs through efficiency and energy storage flexibility.
Thermal Energy Storage (TES) leverages phase change material to store energy in the form of cold for future use. It is engineered to freeze/thaw at specific temperatures commonly used in frozen cold storage (-20°F to 32°F or -28°C to 0°C). This allows the refrigeration equipment to be turned off for long periods of time (up to 13 hours) while maintaining stable temperatures in the freezer.
Our TES system works well for new construction, retrofit, or refurbishment projects.
Forbes reports that the US cold storage market is due for strong growth in the next few years, and that the logistics, warehousing, and distribution space holds considerable potential for value creation. In a recent Forbes post describing cold storage opportunities, Mergermarket quotes a report from business consulting firm Grand View Research which calculates that global cold storage market will reach $212.5 billion by 2025, expanding at a compound annual rate of 12.2%. The piece continues to describe how in the US an additional 100 million square feet of cold storage space is needed by 2026 to meet the demands of a growing population and notes that the rise in e-commerce will create additional warehouse demand. Amid discussion of consolidation and acquisitions within the third-party logistics sector, noting that warehouse and fulfillment M&A has increased over the last few years with 84 transactions announced in 2019, Forbes picked Viking Cold Solutions as a specific example of a technology partner whose thermal energy storage (TES) technology can unlock value within the sector, describing the function of Viking Cold's long-duration TES as a way to allow cold storage facilities “to be upgraded into virtual power plants”. Christopher Nolan, managing director of Dresner Partners, notes that the recent pandemic has exposed inefficiencies within the system. Rather than creating short term challenges, COVID has instead created focus on endemic issues, pushing “grocery retailers (to) better see back up the chain and what they’re lacking”, Nolan notes, with new technology and IT as areas with notable potential. Quoting James Bell, CEO of Viking Cold Solutions, Forbes noted that within the logistics space energy is the second-highest cost, only after labor, and that TES allows distribution companies and power providers to address mounting supply chain and energy challenges. To read the Forbes Mergermarket post, click here. Or contact us today to learn how Viking Cold's thermal energy storage solutions can unlock cold storage opportunities for you.
A recent piece on GreetechMedia.com describes how California based third-party logistics provider Dreisbach Enterprises has seen cost savings and performance improvements after installing Viking Cold’s long-duration thermal energy storage (TES) technology. Jason Dreisbach, the owner of Dreisbach Enterprises, explains why his company selected Viking Cold’s technology from a range of available energy-efficiency and demand-response programs. “What Viking Cold has allowed us to do is [to avoid] sub-cooling to the degree that we had, and then ride it out for much longer,” he explains in the report. “Instead of six hours, we ride 12 or 13 hours, six days a week, without turning on our more major compressors.” The result is a 22-month payback period instead of 36, with a range of additional benefits - increased employee comfort, reduced operations and maintenance costs, and improved temperature stability. The Greentech Media piece also discusses the success of TES technology in the San Diego Food Bank. Since installing Viking Cold’s thermal energy storage system, the food bank has been able to shut down compressors overnight and leverage its onsite solar array to power more of the refrigeration during the day while reducing its morning peak to generate energy savings of nearly 40%. The business landscape for long-duration thermal energy storage is shifting, the story reports. Dozens of utilities now offer incentives to support the installation of TES technologies, the TES market is growing, and Viking Cold’s sales teams see increasing numbers of inbound inquiries. As James Bell, President and CEO of Viking Cold Solutions, is quoted as saying, “Down the road, I see this looking like insulation did 100 years ago. Now you wouldn’t even consider a building without insulation. Going forward, why would anyone build a temperature-controlled facility without the efficiency and resiliency of TES?” To read the full story, click here. Or contact us today to learn how our long-duration storage solution will save you energy and money.
HOUSTON, June 23, 2020 (GLOBE NEWSWIRE) -- Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named Viking Cold Solutions to the 2020 Top Green Providers list for the fourth consecutive year. Each year, the criteria for earning a spot on the Food Logistics’ annual Top Green Providers list become more stringent for applicants. For example, the editorial staff evaluates a company’s participation in such programs as the EPA’s SmartWay and other recognized sustainability programs; facilities that are LEED-certified, and/or feature solar panels, LED lighting and other energy-saving installations and retrofits that produce measurable reductions in GHG emissions, to name a few. "Our annual Top Green Providers award recognizes companies whose products, services or exemplary leadership enhance sustainability within the food and beverage industry. From technology that reduces a fleet's carbon footprint to software that helps shippers drive energy efficiency to systems and processes that help reduce the carbon and environmental impact of their customers’ supply chains, these top green providers continue to practice the ultimate in sustainability year over year," says Marina Mayer, Editor-in-Chief of Food Logistics. Viking Cold Solutions CEO and President, James Bell, responded to the news that the company received its third cleantech-related award this year, “We are honored to be recognized as a Top Green Provider for the fourth year in a row. Helping our customers, such as Whole Foods, Sysco, and Americold, to improve their sustainability, increase resiliency, and better maintain and protect food along its journey is our mission. Viking Cold is committed to using our technology to work with food companies to create a more sustainable supply chain.” About Food Logistics Food Logistics is published by AC Business Media, a business-to-business media company that provides targeted content and comprehensive, integrated advertising and promotion opportunities for some of the world’s most recognized B2B brands. Its diverse portfolio serves the construction, logistics, supply chain and other industries with print, digital and custom products, events and social media. About Viking Cold Solutions Viking Cold Solutions is the leading long-duration thermal energy storage provider to the energy-intensive frozen/low-temperature cold storage industry. Viking Cold delivers cost-effective and flexible energy management services which protect food and help reduce environmental impact. Its patented Thermal Energy Storage system with phase change material (PCM) and intelligent controls reduces cold storage energy costs up to 35 percent or more, while improving temperature stability and optimizing refrigeration operations. Viking Cold Solutions’ TES systems have been measured, verified, and incentivized by energy utilities across the U.S. and are currently in use around the world providing efficiency to grocery stores, low-temperature warehouses, and restaurants. For additional information, please visit www.vikingcold.com. Sales Contact: Collin Coker, Vice President Sales & Marketing firstname.lastname@example.org +1.281.687.0919 Press Contact: Damon Vance Marketing Director email@example.com +1.832.899.4771